Strength Seen in Frontier Group (ULCC): Can Its 16.4% Jump Turn into More Strength? [Yahoo! Finance]
Frontier Group Holdings, Inc. (ULCC)
Company Research
Source: Yahoo! Finance
The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 29.6% gain over the past four weeks. This jump in stock price came after news that Spirit Airlines SAVE, a Frontier Group Holdings rival in the low-cost airline space, is considering bankruptcy. Spirit has faced losses and declining revenue due to fierce competition and the failed attempt to merge with Frontier in 2022. After agreeing to a takeover by JetBlue, that deal fell through this year over antitrust concerns. Soon after the markets opened last Friday, Spirit's shares plunged by 25%. This discount airline is expected to post quarterly loss of $0.03 per share in its upcoming report, which represents a year-over-year change of +78.6%. Revenues are expected to be $925.73 million, up 4.8% from the year-ago quarter. While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a s
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ULCC
News
- Frontier Group Holdings, Inc. (NASDAQ: ULCC) had its price target raised by analysts at Barclays PLC from $7.00 to $10.00. They now have an "overweight" rating on the stock.MarketBeat
- Spirit Airlines Stock Sinks on Report Frontier Merger Talks Break Down [Yahoo! Finance]Yahoo! Finance
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- Frontier Group Holdings, Inc. (NASDAQ: ULCC) had its price target raised by analysts at Susquehanna from $5.00 to $6.00. They now have a "neutral" rating on the stock.MarketBeat
- Frontier Group Holdings, Inc. (NASDAQ: ULCC) had its price target raised by analysts at Barclays PLC from $6.00 to $7.00. They now have an "overweight" rating on the stock.MarketBeat
ULCC
Earnings
- 10/29/24 - Miss
ULCC
Sec Filings
- 11/15/24 - Form 4
- 11/14/24 - Form 144
- 11/13/24 - Form SC
- ULCC's page on the SEC website